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Buy BEML, target Rs 1,775: Manas Jaiswal

ETMarkets.com|
Oct 05, 2017, 09.00 AM IST
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Manas Jaiswal of manasjaiswal.com has a buy call on BEML with a target price of Rs 1,775.

The current market price of BEML is Rs 1,669.70.

Time period given by the analyst is intraday when BEML price can reach defined target.

Manas Jaiswal recommended to keep a stop loss at Rs 1,635.

BEML, incorporated in the year 1964, is a Mid Cap company (having a market cap of Rs 6,953.38 Crore) operating in Engineering sector.

BEML key Products/Revenue Segments include Earth Moving Equipments which contributed Rs 902.28 Crore to Sales Value (31.83 per cent of Total Sales), Spare Parts & Others which contributed Rs 726.11 Crore to Sales Value (25.61 per cent of Total Sales), Railway Items which contributed Rs 545.66 Crore to Sales Value (19.24 per cent of Total Sales), Defence Items which contributed Rs 434.83 Crore to Sales Value (15.33 per cent of Total Sales), Sale of services which contributed Rs 195.55 Crore to Sales Value (6.89 per cent of Total Sales), Scrap which contributed Rs 20.60 Crore to Sales Value (0.72 per cent of Total Sales), Wind Energy which contributed Rs 9.63 Crore to Sales Value (0.33 per cent of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 627.03 Crore, down 52.35 per cent from last quarter Sales of Rs 1,315.95 Crore and up 114.79 per cent from last year same quarter Sales of Rs 291.93 Crore.

The company's top management includes Mr.Aniruddh Kumar, Mr.B P Rao, Mr.B R Viswanatha, Mr.D K Hota, Mr.M G Raghuveer, Mr.R H Muralidhara, Mr.Sanjay Prasad, Mr.Sudhir Kumar Beri, Mrs.Surina Rajan.

Company has S R R K Sharma Associates as its auditors.

As on 31-03-2017, the company has a total of 41,644,500 shares outstanding.
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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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